The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If you can see a reversal coming then you are better than the market.
Cancelled flights, some as late as the day of the flight and by text, luggage not making it to destination and having to buy new clothes, queues and delays at airports, insufficient staff trained in time or security checked and Spanish cabin crew threatening strike action for 9 or 10 days in July.
School holidays start in Scotland around the 4th July. That is about 10 days. England and Wales a few weeks later.
Do you honestly think that Easyjet will be capitalising on the key summer holiday period as they should be?
Then you have the compensation claims.
Probably best short.
I did try to warn everyone on here just over a month ago. Easiest short going.
Another day for the shorters I'm afraid.
It'll frustrate you into selling in the end.
They seem to wait to a certain time of day and then open up the forward selling. Not many getting sucked in courtesy of no rampers left. There seems to be a sense of inevitability about what is coming.
Does tend to infer the forward selling commenced yesterday with the 1M trade. Going to be interesting to see how they pass on any shares if there is a raise when nobody is buying. Looks ominous.
Not many gullible PI's left out there. Most are still waiting for the benefits of that advertising campaign and the then new strategy and website and all the other MOU's.
Jeffries rating of £2440
Must be the house broker !!
What a foolish price compared to where it is.
Over expanded during the pandemic only for it to end and then now faces headwinds from so many angles. Best to wait for any 3rd profit warning and only dip your toes in if things are mending. It's a shorters paradise right now between here and Boohoo.
The shorters are still betting it to fall if the constant recent falls are anything to go by.
Chart points to about 125p being a good time to buy in.
Grovelling one and still more cancelled flights.
https://www.dailymail.co.uk/news/article-10914597/UK-airport-chaos-Tui-boss-emails-customers-apologising-distress-caused-cancellations.html
Probably costs involved here in bringing things up to the National Living wage and modern employment rights. Report published today and Boohoo gets mentioned in the articles. It might be worth finding the full version.
https://www.retailgazette.co.uk/blog/2022/06/garment-workers-in-leicester-still-face-obstacles-to-fair-pay-and-conditions-two-years-after-expose/
https://www.personneltoday.com/hr/esg-garment-workers-leicester/
Well I hinted at the 160's and it has got there quicker than I thought and the 150's are coming up quick. I don't think it will go as low as 100 but it depends on how quick all fix the present situation with cancellations. Newspapers telling people to stay at home rather than subject yourself to all the present hassle is not a situation you want. It needs a definite recovery plan involving all stakeholders, the government, airports, sub contractors and airlines. Until then it causes doubt.
And taking the price back down to a level from which they can benefit handsomely. It is a pattern that just repeats itself over and over again.
The full market is down and travel sector stocks are out in the cold. Add in inflationary price rises and the cost of living crisis and it will impact sales.
It's got to be a good short from here.
Sentiment not being helped by newspapers at the weekend virtually trying to convince people to stay at home this summer and avoid the delays, cancellations and hassle. It's not as if they haven't had 2 or 3 years to plan for this.
Somebody should be without a job for overseeing this.
This staffing crisis leading to all of these cancellations should have been highlighted as a major risk a long time ago.
School holidays in a months time and I have not a lot of confidence in things being fixed by then for the key summer season.
Not good timing and this could fall a lot further.
There is no quick fix. Staff need to be recruited, security vetted and trained.
School summer holidays start in just over a month.
Can you really see things having eased by then?
The breach of 180p yesterday and it still under is not good.
Will we see a further retreat to 160p.
This airline staffing crisis for peak demand times has been brewing for months and yet they have willingly taken money and not said a thing until the walls started tumbling down at half term. It's not just the airlines but the airports themselves and those doing the security vetting checks.
With school summer holidays just over a week away can you really see the bad headlines disappearing or the problems resolved by then.
Not that far off now.
It's always risky sitting on an investment into a trading update amidst troubled times. Sometimes it can pay off but invariably it doesn't. Best strategy surely is to be either be half in or half out or parked up.
All the cancelled flights are tarnishing the industry and at a time when fuel including aviation fuel is going through the roof. Its much easier just to have a staycation.